Tag - financial-results

 
 

FINANCIAL RESULTS

Mitsubishi UFJ Financial Group announced a $2.6 billion share buyback program after fiscal second-quarter profit tripled.
BUSINESS
Nov 14, 2023
Japan’s largest banks to buy back shares after profits soar
Japan’s biggest banks have unveiled plans to boost shareholder returns after posting record first-half profits, thanks in part to a cheaper yen.
Mizuho's main lending business has stayed strong as economic activity continues to normalize from the COVID-19 pandemic, helping the bank press down credit costs.
BUSINESS / Companies
Nov 13, 2023
Mizuho hikes profit forecast on robust economic outlook
The lender raised its profit forecast to ¥640 billion from ¥610 billion, outpacing the ¥625.56 billion average estimate of 14 analysts.
Toshihiro Mibe, president and chief executive officer of Honda at the Japan Mobility Show, in Tokyo in October
BUSINESS / Companies
Nov 12, 2023
Booming profits bolster Japan automakers’ cautious EV shift
The Japanese auto sector is on track this year to exceed its peak operating profit of around ¥5.4 trillion in fiscal 2015.
BUSINESS / Companies
Nov 10, 2023
Many Japanese firms log higher April-September net profits
The normalization of economic activity from the COVID-19 crisis and the depreciation of the yen have boosted earnings.
Honda raised its full-year net profit forecast to ¥930 billion.
BUSINESS / Companies
Nov 9, 2023
Honda and Nissan hike full-year forecasts
The car giants, however, also pointed out that fierce price competition in China was posing a challenge for Japanese automakers.
SoftBank Group booked a ¥789 billion quarterly loss as it took a hit from the bankruptcy of WeWork.
BUSINESS / Companies
Nov 9, 2023
SoftBank books ¥789 billion quarterly loss
SoftBank's loss marks its fourth straight quarter in the red as the tech giant struggles amid a weak yen.
Sony Group has raised its full-year outlook after its media divisions outperformed.
BUSINESS / Companies
Nov 9, 2023
Sony raises sales and profit outlook as media helps offset mobile
The adjustments suggest resilient consumer spending and a weaker yen are stabilizing the business.
The Disney store in Times Square, New York, on Oct. 29
BUSINESS / Companies
Nov 9, 2023
Disney tops earnings forecasts as Iger sets 'building' phase
Disney now says it is on track to achieve $7.5 billion in annualized savings
Oil storage tanks at Eneos' Negishi refinery in the Keihin industrial area of Yokohama. The firm said Wednesday that its full-year profit result was expected to increase by 67% from last year.
BUSINESS / Companies
Nov 8, 2023
Eneos raises full-year profit forecast on higher oil, weaker yen
The refiner said its full-year result was expected to increase by 67% from last year.
Nintendo reported operating profit of ¥94.5 billion and revenue of ¥334.9 billion in the September quarter, both beating analyst expectations.
BUSINESS / Companies
Nov 8, 2023
Nintendo lifts annual profit forecasts
The Kyoto-based entertainment company said it now expects operating income of ¥500 billion ($3.3 billion), up from ¥450 billion previously.
Toyota President Koji Sato speaks  next to an FT-3e electric vehicle at the Japan Mobility Show in Tokyo on Oct. 25.
BUSINESS / Companies
Nov 1, 2023
Toyota raises profit forecast 50% on weak yen, record sales
With an unprecedented 5.6 million vehicles sold in April-September, Toyota is on track for its 11.4 million-unit goal.
A Uniqlo store in Shanghai
BUSINESS / Companies
Oct 12, 2023
Fast Retailing's annual profit rises 28% to fresh record
Profit was ¥381.1 billion ($2.56 billion) in the 12 months through August compared with ¥297.3 billion, the previous all-time high, a year earlier.
Toyota's global sales and production for August hit record highs.
BUSINESS / Companies
Sep 29, 2023
Toyota's global sales and output hit record high in August
Global production rose 4% to a record 924,509 vehicles, including subsidiaries Daihatsu Motor and Hino Motors, the Japanese carmaker said Thursday.
Toyota's sales in China fell in July amid intense competition with local brands.
BUSINESS / Companies
Aug 30, 2023
Toyota output hits monthly record for July on robust demand
Worldwide sales, including for subsidiaries Daihatsu and Hino, rose 5.2% to 918,345 units.
Security personnel guard the BYD booth at the Auto Shanghai show in April 2023.
BUSINESS / Companies
Aug 29, 2023
China's leading electric carmaker BYD triples half-year profit
This month the company became the first global manufacturer to pass the 5 million milestone in electric vehicle production.
Honda's electric vehicle e:NP2 is displayed at the Auto Shanghai show, in Shanghai in April. The recent weakening of the yen couldn't come at a better time for Japanese automakers, which are struggling in the Chinese market.
BUSINESS / Economy
Aug 14, 2023
Weak yen gives Japan automakers temporary relief from China pain
A weak yen has traditionally lifted profits for Japan's big exporters
Sony, a key supplier of image sensors to Apple and other device-makers, has said it doesn’t expect demand in the mobile phone market to bounce back until next year at the earliest.
BUSINESS / Companies
Aug 10, 2023
Sony falls most in a year as smartphone demand fails to recover
The Tokyo-based company’s operating income fell 31% in the first fiscal quarter because of sharp declines in the movie and sensor groups.
The Alibaba Group Holding offices in Beijing on Tuesday. Alibaba is scheduled to release earnings results on Thursday.
BUSINESS / Companies
Aug 9, 2023
Alibaba and Tencent’s big gains may not signal inflection point
Chinese policymakers have stopped short of providing significant policy support, consumer spending is muted and profit margins remain thin.
Softbank's Vision Fund unit swung to a profit of ¥61 billion in the quarter ended June, compared with a ¥2.33 trillion loss for the same period a year ago.
BUSINESS
Aug 8, 2023
Global tech stock rebound lifts SoftBank Vision Fund into profit
The fund logged a ¥61 billion profit in the quarter ended June — its first in over a year — compared with a ¥2.33 trillion loss a year ago.
Signage for Sumitomo Mitsui Banking (right) and Mizuho Bank (center) in Tokyo. Two of Japan's mega-banks reported solid quarterly profit on Monday.
BUSINESS
Jul 31, 2023
Japan’s biggest banks beat estimates, adding to BOJ tailwind
Sumitomo Mitsui Financial Group said net income for the quarter ending June 30 was ¥248 billion, while Mizuho Financial Group’s was ¥245.2 billion.

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